High school kid online is telling me he got an internship at a bb through "cold-calling." I know it's impossible, but will banks even take HS kids with connections?
Met this kid online, he's trying to flex all of his accomplishments. Tells me he worked hard to get an internship at a bulge bracket. BS-o-meter goes off immediately, I call cap on this kid and he gets all defensive... and at this point I'm not even mad - it's obvious that daddy pulled a few strings to get him in. What I am wondering, though, is why do these banks take these kids in the first place? I'm a high school senior, and I can honestly offer nothing of value to a bank. What does the bank earn by taking this kid? What does the kid do? Have you ever seen an HS senior in a legitimate BB internship?
I'm not buying it and I'm at a top BB - the kid is just pulling your leg. Even the "early talent" programs start at the college freshman level. And even those aren't really "internships", more just meet & greets, simple stuff like that. I'm not even sure if we even pay them for those, I don't think money is involved. The first internships we have where money is involved would be the summer between college junior and senior year, that's it.
Generally agreed, though many kids do get (paid) IB internships summer between sophomore and junior year. More often this happens at lower tier firms (like Jeffries), and then those kids go to top BB/MF PE next summer, but I've seen it happen at places like GS too.
Come to think of it, yes, I do suppose we also get some soph/juniors that are paid. I think you're right, I just forgot about them. But definitely not anything that pays for any lower than that.
Agreed. Though wouldn't be surprised if the big banks roll out paid intern programs for diverse Freshmen...
First, you're going to call me a liar on discord now you come on here to lie even more. Unbelievable! I'm blacklisting you.
I don't have a discord :( maybe ur talking about someone else?
Many banks do sophomore diversity internships. Some big 4 opportunities for freshmen that are paid. Otherwise it’s a crapshoot
I know a bunch of people who ‘interned’ at BBs’ (usually wealth management) offices during or after HS. 99.9% of them are there as favors to parents; maybe once in a blue moon some partner might get impressed by some scrappy non-connected kid (though I can’t think of any examples). A HS internship at Goldman will 100% of the time be interpreted by your future interviewers as connection-based.
Were I in your shoes, I’d spend HS as far away from finance as possible (save maybe for some WSJ reading and a brokerage account). You’ve got the rest of your life to work.
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